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themselves on route 1 in california thanks to google. >> take a look at shares of oracle, surging today on the first day of its open world conference. it's up 1.6%. really nice, strong gain, bucking the trend amongst its peers, as well as a broader market. one of those ipos going to hit the market workday. that's a cloud play, expected to be a hot ipo. in fact, people are already estimating that revenues will hit $1 billion by 2015. so workday is that ipo. could be in oracle's back yard in terms of competition. >> i find it amazing. oracle's application growth was nil. and there frankly is not -- the growth tends to be acquisition growth. and people love it. they don't look through the numbers. one of the frustrating things for the purists is there wasn't a lot of growth in oracle and the stock didn't get hit. this is a remarkable time, guys. here you don't have the classic what you want to see from tech, which is good revenue growth and no one seems to mind. >> i think in certain companies, investors are willing to look past. that's oracle, that's amazon, a number of them. and they're
2.3 billion in cash. results after the bell. back to you. >> oracle ceo larry ellison is one of the richest men in the world of course worth more than $30 billion, but he's doing some things that have really caught the eye of our wealth editor robert frank. robert? >> that's right, tyler. when we come back, why is larry elson, a man as you said worth more than $30 billion, borrowing so much money? and should shareholders be concerned with all his spending? we'll have more when we come back. low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that means with schwab, tdd#: 1-800-345-2550 your portfolio has tdd#: 1-800-345-2550 a better chance to grow. tdd#: 1-800-345-2550 and you can trade all our etfs online, tdd#: 1-800-345-
a deal with oracle today in san francisco. nokia also recently signed deals with groupon and amazon. nokia a got into the map business with it purchase and has been expanding the service. and back to the banks, shares in banco have been suspended. the bank has announced it will report record write downs of 9.3 billion euro this is year and have suspended its dividend this month. julia has more reaction to what they're saying. they'll launch the share increase by mid november. do you think they can avoid having to ask for any government assistance? >> i think they're certainly going to try. but in terms of their market, it will be highly diluted, so it depends on how well it goes down with investors. the stock should open up in about ten minutes time. we've had a couple brokers lower their price. they also have also announced that they plan to see a capital increase of around 2 billion euros as a result of divest hims. it's actually lack of clarity on the details of that that have resulted in a lowered estimate for the share price. as you mentioned, record provisions this year. they
this ban. >>> what's still ahead for the estimated 50,000 attendees at the oracle world conference in san francisco. what appears on the surface to be an understated example of unequaled american achievement, is actually an extremely sophisticated apparatus of goodness and flavor, bonded together by a perfectly aged, all natural, tasty... gooey... blanket of love. >>> the you city of -- the city of richmond is set to reach out to chevron. this follows weeks of criticism after the massive fire at the refinefully august. the city wants chevron to help create a research campus at the marina bay. city council believes this could be a green tech center. >> i mean, chevron has sort of acknowledged that -- in a number of ways that -- that they want to increase their presence in richmond. >> the city council is expected to make their request tomorrow. chevron has said it is not in a position to make any long-term investment decision until a plan to modernize it is successfully submitted. >>> pg&e crews want to warn people of possible odors say near highway 280 and edgewood road. and this is part
which is up 5 1/4%. oracle also higher today, and this is on a deal that nokia is expected to announce. we will get more details, but we heard from the "wall street journal" yesterday that they are now working with oracle and now oracle will have some maps and some of that. now, nokia has been working hard on maps with other companies such as groupon and amazon, and all of this is to compete with apple as it has the maps. so this is why nokia is powering forward with maps. back to you. dagen: thanks. >>> breaking news europe's markets are just closing. ashley webster is here with the details on people with long names. ashley: buy them a vowel. dagen: every day. ashley: first day of the quarter begins with a nice bounce on the european markets. could have been helped by the ism number here in the u.s. i think it is the ryder cup bounce. sorry. dagen: hurt me. hurt me. ashley: you know what? ftse up about 1 1/2%. the cac up 2 1/2%. the dax up 1 1/2%. that's the last i'm going to say about the ryder cup. greece's brutal recession will stretch into a sixth year next year when the economy w
1.2%. >>> speaking to maria bartiromo, oracle says customers are starting to spend more of their i.t. budget. >> there isn't a customer we don't have who is on an austerity plan and innovation agenda at the same time. people are trying to save money at the same time to free them up to be able to invest. >> don't forget tune into u.s. closing bell later today as maria sits down with larry ellison for an exclusive interview at 4:00 p.m. eastern. we'll take a short break. still to come on this morning's "worldwide exchange," we'll be in madrid, the latest unemployment data put further pressure on the spanish government to ask for a bailout. today from around the world. the bailout rumor mill working overtime for spain. the country sees unemployment rise again in september. banks a wait an eu report which is expected to recommend splitting retail and investment banking. and jpmorgan is hit by a lawsuit over bear stearns mortgage securities. the bank says it will contest the charges. spain saw more jobs lost in september as the crisis and austerity measures continue to weigh on the labo
oracle customers access to nokia's map services. the agreement would be announced today at the oracle world conference. i've never known that maps would be so important in everybody's lives. such big important -- >> huge. >> saw something over the weekend about -- >> ever a day when apple gets maps? >> apple has a lot of money. if they just start pouring all money they have into making this better, they've gotten the message. >> i talked to engineers on bring that said it is impossible, it might take you three years to get the information to be correct. it's actually the data. >> and google has truck has go up and down -- carl had written that one drove by his, the google truck that has the camera going around. >> you can't just write an al go rhythm that finds every single side street. it's a lot of roads. >> use everybody who has an iphone to replicate what google has done by having people literally use their iphone to actually take pictures of buildings. >> to help? >> yes, to help to try to recreate crowd sourcing operation. >> i'm not helping. that could be a tux tie. >> it's a w
following breaking headlines. looking at nokia in particular. nokia now agreed to give oracle customers access to its mapping products. so obviously we have nokia, the mobile phone company, just trying to expand its location services business. you may remember that apple had a lot of serious issues with their mapping services. nokia has been working really hard on mapping, to sign mapping deals with groupon and amazon. this is the same time apple is working on that deal. nokia up 8%. back to you. ashley: very good. tracy: we'll check back with you in 15 minutes, nicole. ashley: tracy, doesn't like syrup on her pancakes. tracy: i don't. i don't use condements. no ketchup, mayonnaise, mustard or syrup. ashley: i just don't get it. is the u.s. economy in a double-dip recession no one knows about? even though we're up big today, economists are saying key economic data is being ignored. why? what is it? liz macdonald joins us. >> we had a wall street executive jon huntsman. he said we're already in recession. it started in the middle of the year. who else but ben bernanke is weighing in whet
, but when you think about icht t. spending, it is oracle and cisco. the one thing confusing for me is ibm, sap, they both said business is quite strong. accenture just said these are strong. imperricly he's wrong. anecdotely he's right, imperricly he's wrong. >> not just highs but record highs in yesterday's recession. we are seeing the providers do well in today's stock market. >> i'm surprised how often it comes up when i have decision makers talking with me they are unwilling to commit additional capital as needed. we hear it from our guests, it comes up time and again. it is somewhat overstated. can it be paralyzing business to such an extent? but it is there and i think stories like today's "new york times" which indicate perhaps -- >> you mean sorkin. >> no, progress on the front page of "the new york times" perhaps that will be embraced. imagine what would happen if we dealt with the budget deficit in a meaningful way and did deal with the issues? one thinks the uncertainty cloud goes away. if it doesn't, there's something else going on. >> i was referring to a sorkin column arguin
Search Results 0 to 8 of about 9